Al Futtaim HC Securities’ UAE expansion plan commences Top brokerage house opens second Dubai branch

October 25th, 2009 – Al Futtaim HC Securities (AFHC), one of the top brokerage houses in the region and a partnership between Al-Futtaim Group and HC Securities and Investment, opened its second office today (October 25, 2009) in the Dubai Financial Market (DFM) headquarters as part of its ambitious expansion plan.

AFHC was able to secure advanced ranking among the top 10 brokerage houses on the DFM and Abu Dhabi Securities Exchange (ADX) in terms of trading value after only ten months of operation. This strong performance has prompted the management to pursue further expansion in order to provide the company’s services to a wider client base.

In light of this, Hassan Choucri, AFHC’s General Manager, added: “Our new branch represents the beginning of a broader program to expand our presence within the UAE’s dynamic financial markets. It also serves as a key tool for widening our communication platform with the investing public, with the goal of more effectively meeting their unique needs and being closer to them.”

Al Futtaim HC Securities became fully operational in Abu Dhabi and Dubai in April of 2007. The brokerage house combines the strengths and resources of Al-Futtaim Group, the largest business conglomerate in the UAE and the Middle East, and HC Securities & Investments, the leading financial institution in Egypt. AFHC’s wide range of brokerage offerings include online trading, specialized services for institutions and private clients, and trading services on the DFM and ADX.